{ "story_id": "dea2eea79930f72d994355dd43cc4d64", "desk": "drm3", "revision": 1, "published_at": "2026-09-01T15:00:02.000Z", "content_hash": "7d8c8bc5d60a1062bab34e5f6dd5974dbfeea62824754a7d85a7516e9348bafc", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "Australian 10-Year Bond Yield Hits 15-Year High Amid Inflation Fears", "dek": "Australia's 10-year government bond yield rose to 5.16%, its highest level since 2011, driven by inflation concerns.", "prose": "The Australian government's 10-year bond yield rose to 5.16% in afternoon trade, the highest level since April 2011. [^1]\n\nAMP chief economist Shane Oliver said the current housing downturn is only about 35% complete in terms of price loss and duration, and he predicts house prices could fall about 10% peak-to-trough, with a market turnaround in the second half of next year. [^2]\n\nAustralian national house prices fell 0.9% month-on-month in August, marking the fifth consecutive monthly decline and the sharpest drop since the COVID-19 pandemic. [^3]\n\nEconomists stated that the Reserve Bank of Australia will deliver a fourth interest rate hike to combat inflation despite a severe downturn in the property market. [^4]\n\nAustralia's gross national debt recently surpassed $1 trillion, and rising interest costs could mean less money left over to pay for government services. [^5]\n\nRising interest costs on public debt will raise corporate borrowing costs and higher fixed mortgage rates, making it harder for new home borrowers. [^6]\n\nThe 10-year Australian Government bond yield reached 5.24% in April 2011 before declining until the COVID-19 pandemic in 2020, when it began to climb from a low of 0.55%. [^7]\n\nIn August, Sydney house prices fell 1.4% and Melbourne house prices fell 1.1%, leaving both cities about 7% below their peak levels. [^8]\n\nThe Reserve Bank of Australia warned that it may raise interest rates further because inflation remains stubbornly high, which would increase mortgage costs and reduce buyer demand. [^9]\n\nCBA analysts predicted an eventual 12-13% drop in Sydney and Melbourne property prices alongside 8% falls in Brisbane, Perth and Adelaide. [^10]\n\nMichele Bullock, the Reserve Bank's governor, told reporters at her post-meeting press conference on 11 August that the housing market downturn was not the main game when it came to rate decisions. [^11]\n\nNew data from Cotality revealed that house prices are now falling in more than 90% of Australian suburbs due to higher borrowing costs and a weak economy. 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